logo

European Economic News

Share

The Czech central bank raised its key interest rate for the first time in one-and-a-half years on Wednesday, in a bid to keep inflation within its target in coming months as the economy reopens and recovers from the coronavirus pandemic. The board increased the two-week repo rate by 25 basis points...

eurozoneservices july 23jun21 The euro area private sector grew at the fastest rate in 15 years in June as the economy re-opened further from virus-fighting restrictions, flash survey data from IHS Markit showed on Wednesday. At 59.2, the flash composite output index reached its highest level since June 2006, up from 57.1 in May. The reading was also above economists' forecast of 58.8.

ukpmi aug03 23jun21 The UK private sector logged one of the fastest expansion on record in June as there were marked increases in output across the manufacturing and services sectors as the economy continued to reopen, following the COVID-19 lockdown, a closely watched survey showed Wednesday. The flash composite output index dropped to 61.7 in June from 62.9 in May, data compiled by IHS Markit revealed.

The euro area private sector grew at the fastest rate in 15 years in June as the economy re-opened further from virus-fighting restrictions and vaccine progress boosted confidence, flash survey data from IHS Markit showed on Wednesday. At 59.2, the flash composite output index hit a 180-month high,...

Germany's private sector grew at the fastest pace in more than a decade in June with the further easing of COVID-19 restrictions, flash survey results from IHS Markit showed on Wednesday. The flash composite output index climbed to a 123-month high of 60.4 from 56.2 in the previous month. A score...

France's private sector grew at the fastest pace in almost a year in June, flash survey results from IHS Markit showed on Wednesday. The composite output index rose marginally to 57.1 in June from 57.0 in May. But the index remained below economists' forecast of 59.0. Nonetheless, this was the...

previewimage aug03 23jun21 Flash Purchasing Managers' survey results are due from major euro area economies on Wednesday, headlining a light day for the European economic news. At 3.15 am ET, France flash Purchasing Managers' survey data is due. The composite output index is seen rising to 59.0 in June from 57.0 in May.

Eurozone consumer confidence strengthened for a fifth month in a row in June to its highest level since early 2018, preliminary data from the European Commission showed Tuesday. The flash consumer confidence index rose to -3.3 from -5.1 in May. Economists had forecast a score of -3.0. The latest...

Hungary's central bank raised its key interest rate for the first time in nearly a decade as inflation continue to remain above the target. The Monetary Council of the Magyar Nemzeti Bank on Tuesday decided to lift the benchmark base rate by 30 basis points to 0.90 percent from 0.60 percent. Economists...

ukpublicfinancedata july19 22jun21 The UK budget deficit narrowed more-than-expected in May from the last year as the government receipts increased amid falling expenditure amid buoyant economic recovery, data from the Office for National Statistics showed on Tuesday. Public sector net borrowing decreased to GBP 24.33 billion in May from GBP 43.76 billion in the previous year. The deficit was also below the economists' forecast.

Italy's industrial turnover increased at the fastest pace in eight months in April, data from the statistical office Istat showed on Tuesday. Industrial turnover grew 3.3 percent month-on-month in April, following March's 1.7 percent increase. This was the fastest growth since August 2020. Domestic...

UK manufacturers' reported the strongest growth in new orders since 1988, the latest Industrial Trends Survey results from the Confederation of British Industry showed Tuesday. The order book balance rose to 19 percent in June from 17 percent in May. This was the biggest outturn since May 1988. The...

Sweden's jobless rate increased in May, figures from Statistics Sweden showed on Tuesday. The jobless rate rose to 9.8 percent in May from 9.4 percent in April. The number of unemployed persons decreased to 546,100 in May from 521,000 in the previous month. The youth unemployment rate, which...

Turkey's consumer confidence improved in June, survey results from the Turkish Statistical Institute showed on Tuesday. The consumer confidence index rose to 81.7 in June from 77.3 in May. The survey was carried out in cooperation with the Turkish Statistical Institute and the Central Bank of...

The UK budget deficit narrowed in May from the last year, data from the Office for National Statistics showed on Tuesday. Public sector net borrowing decreased to GBP 24.33 billion in May from GBP 43.76 billion in the previous year. The deficit was also below the economists' forecast of GBP 26.1...

Follow RTT